Magnite, Inc.

DB:15R Stock Report

Market Cap: €2.3b

Magnite Valuation

Is 15R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 15R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 15R (€15.57) is trading below our estimate of fair value (€29.02)

Significantly Below Fair Value: 15R is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 15R?

Key metric: As 15R is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 15R. This is calculated by dividing 15R's market cap by their current earnings.
What is 15R's PE Ratio?
PE Ratio139.4x
EarningsUS$17.29m
Market CapUS$2.41b

Price to Earnings Ratio vs Peers

How does 15R's PE Ratio compare to its peers?

The above table shows the PE ratio for 15R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
SAX Ströer SE KGaA
22.6x29.2%€2.6b
M8G Verve Group
14.6x22.0%€746.3m
SYZ SYZYGY
16.2x20.8%€38.3m
RRTL RTL Group
9.3x-2.6%€3.7b
15R Magnite
139.4x49.3%€2.4b

Price-To-Earnings vs Peers: 15R is expensive based on its Price-To-Earnings Ratio (139.4x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

How does 15R's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
15R 139.4xIndustry Avg. 12.2xNo. of Companies17PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 15R is expensive based on its Price-To-Earnings Ratio (139.4x) compared to the European Media industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is 15R's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

15R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio139.4x
Fair PE Ratio32.9x

Price-To-Earnings vs Fair Ratio: 15R is expensive based on its Price-To-Earnings Ratio (139.4x) compared to the estimated Fair Price-To-Earnings Ratio (32.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 15R forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.57
€16.72
+7.4%
13.7%€19.92€12.33n/a12
Nov ’25€11.32
€15.80
+39.7%
16.0%€19.38€12.00n/a12
Oct ’25€12.25
€16.03
+30.9%
14.6%€19.24€12.83n/a11
Sep ’25€12.15
€16.03
+32.0%
14.6%€19.24€12.83n/a11
Aug ’25€13.29
€16.08
+21.0%
12.2%€19.40€12.93n/a11
Jul ’25€12.17
€15.37
+26.3%
12.8%€18.63€13.04n/a9
Jun ’25€11.34
€14.80
+30.5%
13.5%€18.43€11.98n/a9
May ’25€8.51
€14.74
+73.2%
12.0%€16.91€12.21n/a8
Apr ’25€9.45
€14.30
+51.4%
13.3%€16.61€11.99n/a8
Mar ’25€10.97
€14.08
+28.4%
13.8%€16.65€12.03n/a9
Feb ’25€8.09
€12.12
+49.8%
13.2%€14.76€10.15n/a11
Jan ’25€8.56
€12.31
+43.9%
12.5%€14.76€10.14n/a10
Dec ’24€7.29
€12.31
+68.8%
12.5%€14.76€10.14n/a10
Nov ’24€6.18
€13.83
+123.6%
10.4%€16.75€11.16€11.3211
Oct ’24€7.08
€13.83
+95.3%
10.4%€16.75€11.16€12.2511
Sep ’24€7.86
€13.67
+73.9%
10.4%€16.55€11.04€12.1511
Aug ’24€13.56
€14.24
+5.1%
13.4%€17.86€9.82€13.2911
Jul ’24€12.47
€14.41
+15.6%
13.5%€18.27€10.05€12.1711
Jun ’24€10.97
€14.03
+28.0%
10.8%€16.49€10.07€11.3411
May ’24€8.46
€13.86
+63.9%
12.5%€16.38€9.10€8.5111
Apr ’24€8.17
€14.39
+76.0%
13.1%€16.98€9.43€9.4510
Mar ’24€10.34
€14.39
+39.1%
13.1%€16.98€9.43€10.9710
Feb ’24€10.93
€13.27
+21.4%
11.6%€15.61€10.10€8.0910
Jan ’24€10.00
€13.73
+37.3%
11.9%€16.04€10.38€8.5610
Dec ’23€10.52
€13.41
+27.4%
17.2%€16.68€8.83€7.299
Nov ’23€7.33
€14.45
+97.2%
18.3%€18.44€9.71€6.189

Analyst Forecast: Target price is less than 20% higher than the current share price.

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